The Municipal Utility District Act authorizes the formation of a municipal utility district and authorizes a district to acquire, construct, own, operate, control, or use works for supplying the inhabitants of the district and public agencies with light, water, power, heat, transportation, telephone service, or other means of communication, or means for the collection, treatment, or disposition of garbage, sewage, or refuse matter.
This bill would make a nonsubstantive change to the provision naming the act.
This bill would authorize a district that has owned and operated an electrical distribution
system or electrical generating facility for at least 8 years and that contains a population of 250,000 or more persons to acquire and hold nonstock security, as defined, in a corporation or other private entity. The bill would authorize the governing board of the district to sell or otherwise dispose of the nonstock security when, in its judgment, it is in the best interests of the district to do so.